FREQUENTLY ASKED QUESTIONS:
WHAT IS AN ADW?
RacingTheWorld.com has a multi-jurisdictional license for Advanced Deposit Wagering. Funds are deposited into your wagering account, and can be used to wager on horse races over the internet, without having to go to a track, or an off-track betting facility. Wagers are automatically transmitted to the track pools, and you receive full track payout on winning wagers. These payouts are credited to your account immediately after the race results are declared "Official".
HOW DO I OPEN AN ACCOUNT WITH RACING THE WORLD?
HOW DO I FUND MY ACCOUNT?
Deposits can be made from the funding page.
HOW CAN FUNDS BE WITHDRAWN FROM MY RTW ACCOUNT?
The electronic systems of ACH and wire transfer are both available and take only one business day. Please phone our customer service desk at 877-RTW-BETS to make your request, or e-mail firstname.lastname@example.org.
We can also mail you a check, which will take up to 5 business days.
MY ACCOUNT AND THE 'IRS'
Federal Law states that any wager resulting in winnings of $600.00 or more, if the amount of winnings is at least 300 times the amount wagered, must be reported to the Internal Revenue Service. Any wager resulting in winnings of $5,000.00 or more, if the amount of winnings is at least 300 times the amount wagered, is subject to reporting and withholding. RTW will provide you with a copy of the W2-G form for tax purposes.
CAN ANYONE OPEN AN ADW ACCOUNT?
There are differing State Laws that apply to on line wagering. It is legal to wager on horse races over the internet from most States. We will advise you upon application if your jurisdiction allows on-line wagering. Initially you must be at least 21 years of age to open an account.
CAN I WAGER FROM ANY COMPUTER?
Yes, providing you are in a legal jurisdiction and have your username and password, you can wager from any computer.
WHAT RACING INFORMATION IS AVAILABLE?
You can access a wide variety of handicapping and past performance information. Free past performances are available online for all United Kingdom, Ireland, Australia and Puerto Rico tracks offered and includes the complete race card for that track and day.
WHAT TYPES OF WAGERS ARE ACCEPTED?
We support all wager types offered by our member tracks. All wagers are comingled into the host track pools.
HOW DO I KNOW IF MY WAGER IS ACCEPTED?
You will be prompted to verify and confirm that your wager is correct prior to submitting it. If it is incorrect you may cancel it at that time. If you confirm your wager you are provided an immediate on-screen wager confirmation including a ticket serial number. A complete record of all wagering activity is available in the Wagering Report which can be printed out.
If for any reason your wager cannot be commingled with the host track wagering pool then your wager will be cancelled and the full wagered amount will be refunded to your account. Such situations are very rare but should they occur RTW will not be responsible for the payment of any winning wagers.
WHAT IS RACING THE WORLD'S POLICY ON RESPONSIBLE THOROUGHBRED WAGERING (RTW)
Racing the World is dedicated to enhancing the sport of Thoroughbred racing and recognizes, that for a small percentage of those who wager on the outcome of a race, the experience can become addictive and can be a detriment to family, work, health and financial well being.
Such an addiction has no age, social, or demographic bounds and as such can apply to anyone. Our Responsible Thoroughbred Wagering (RTW) program is open to all who have concerns about their ability to restrict wagering on the Racing the World ADW website to a level that provides only entertainment, enjoyment and affordability. Should you have such a concern please contact us at email@example.com. We will advise you how to contact a professional help line in your area, and meanwhile suspend your account for seven days. Your account can then be reopened and controlled in a number of ways involving agreed limits, or be temporarily or permanently closed.
If we at RTW have a concern about your wagering pattern we will contact you to discuss it.